Tag Archives: Apple

Financial Daily Dose 6.5.2019 | Top Story: SEC Votes Today on New Broker Conduct Standards

BY: Michael D. Reif | June 5, 2019

The SEC will vote today on what it’s calling Regulation Best Interest, “which says brokers can’t put their own paychecks ahead of a customer’s needs”—the more-industry-acceptable revision of an Obama-era fiduciary duty rule for advisors that has since died a slow death. Still left unclear under the new plan, however, is “whether it would disrupt … Continue reading

Financial Daily Dose 6.4.2019 | Top Story: DOJ, FTC, and Congress Set to Investigate Big Tech

BY: Michael D. Reif | June 4, 2019

Much more on the suddenly hot topic of Big Tech antitrust oversight, including a negotiated agreement among regulators that will see the DOJ handling Apple and Google while the Federal Trade Commission will take on Facebook and Amazon. Separately, the House Judiciary Committee is taking up its own probe of the tech industry giants – … Continue reading

Financial Daily Dose 6.3.2019 | Top Story: DOJ Mulling Google Antitrust Action

BY: Michael D. Reif | June 3, 2019

The DOJ is considering joining its European counterparts in targeting Google for potential antitrust violations focused on Google’s “advertising practices and influence in the online advertising industry,” possibly including the company’s search practices – NYTimes and  WSJ and Bloomberg Such a probe would be consistent with a marked shift in Washington’s thoughts on Big Tech—from … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | May 1, 2019

Zuck and Co. are launching a major platform redesign as Facebook attempts to move beyond years of privacy-related scandals and promote group-based communications rather than the public-square newsfeed – NYTimes and WSJ and MarketWatch and Bloomberg The latest on the White House’s Fed Board pick Stephen Moore’s chances to join the central bank, a less-than-certain … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | April 15, 2019

A quick check-in with Fed Chair Powell, the man trying to help keep the US economy humming—a hard enough job as it is, but one made much tougher by a White House that hasn’t been shy about voicing its near-constant displeasure – NYTimes and WSJ Part of the non-political difficulty for Chair Powell? A rise … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 27, 2019

Back at it, and not quiet when I was gone.  Let’s get caught up . . . OxyContin-maker Purdue Pharma and its owners, the Sackler family, reached a deal this week with the state of Oklahoma in which they will pay “$270 million to avoid going to a state court trial over the company’s role … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 14, 2019

CBS isn’t the only large company with insider trading worries. In complaints made public yesterday, the SEC has accused Gene Levoff, Apple’s former senior director of corporate law and corporate secretary, of “repeatedly” trading on inside information between 2011 and 2016. Levoff, incidentally, oversaw the company’s insider-trading policy – NYTimes and WSJ and Bloomberg and … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | February 4, 2019

All of that SuperBowling seems to have put activist investor Starboard in the mood for some pizza—specifically, former NFL-partner Papa John’s, which has struggled in the wake of the removal of its founder and namesake John Schnatter – WSJ Goldman Sachs has begun hinting that fallout from its role in the Malaysian 1MDB scandal may … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 30, 2019

Though expected after its earlier move to cut its revenue forecast, Apple’s official quarterly profits reporting yesterday still disappointed, as the company posted its “first holiday-quarter drop in both revenue and profit in over a decade” – WSJ and NYTimes and Bloomberg and MarketWatch That and news of a major FaceTime bugs that lets users … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 7, 2019

Aaaaaand, we’re back.  Hope all enjoyed a great holiday. The financial world has been busy—and generally not in a great way—since we’ve been gone.  Luckily, we’re returning on something of a rare high note after a stronger-than-expected December jobs report and some reassurance from Fed Chair Powell – NYTimes and WSJ and Marketplace Last week’s … Continue reading